Wyoming's investment income and mineral severance tax revenue lagging - Casper, WY Oil City News
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Wyoming’s investment income and mineral severance tax revenue lagging

(Dan Cepeda, Oil City File)

CASPER, Wyo. — Wyoming is seeing lower revenue from mineral severance taxes relative to 2018.

The state’s investment income into the general fund in the second quarter of 2019 is also down 27.7% from a year ago.

That includes “income from the Permanent Wyoming Mineral Trust Fund and state agency pooled accounts,” Wyoming’s Chief Economist Wenlin Liu shared in second quarter 2019 summary report released on Wednesday, Sept. 25.

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Investment income reached $240 million in the second quarter.

“The $150.4 million in mineral severance taxes generated in the second quarter of 2019 was slightly lower than the previous year, and it was still about one-third less than the amount recorded in the second quarter of 2014,” the report adds.